(Hartford, CT) – At the direction of Governor Ned Lamont, and in recognition of the impact of COVID-19, the Department of Revenue Services (DRS) is extending the filing and payment deadline for gift tax returns until July 15, 2020. Gift tax returns reporting gifts made during 2019 are due April 15, 2020, and are reported on Form CT-706/709. This extension does not apply to estate tax.
“DRS has responded quickly to the COVID-19 outbreak,” said Acting Revenue Services Commissioner John Biello. “This action, which aligns with the U.S. Treasury’s announcement of an extension at the federal level, will help to support taxpayers and tax practitioners meet their responsibility to file returns and remit payments. DRS encourages those with questions specific to their own, individual circumstances to call or e-mail the agency, and to consult the DRS website, where frequently asked questions are updated regularly.”
For Connecticut taxable gifts made during the calendar year 2019, a donor will not pay Connecticut gift tax unless the aggregate amount of the Connecticut taxable gifts made exceeds $3.6 million.